Madison, WI Commercial Real Estate for Lease and Sale

Explore 244 listings of Madison commercial real estate to find the best space for your business.

116 King Street

116 King St, Capitol, Madison, WI
Property

Office

23,700 SF
Availability

2 Spaces

1,792 SF
Year Built

1854
For Lease

$18.00/SF/YR
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311 - 315 State St

311 - 315 State St, Capitol, Madison, WI
Property

Retail

14,534 SF
Availability

1 Space

2,900 SF
For Lease

$31.03/SF/YR
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2818 Progress Road

2818 Progress Road, East Buckeye, Madison, WI
Property

Industrial

33,580 SF
Availability

1 Space

7,200 SF
Year Built

1998
For Lease

$9.75/SF/YR
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6401 Cottage Grove Rd

6401 Cottage Grove Rd, Richmond Hill, Madison, WI
Property

Retail

3,000 SF
For Sale

$695,000
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
Office Space For Lease at High Point Office Park

555 D'onofrio Dr, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

596 SF
Year Built

1985
For Lease Contact for pricing
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4201 Monona Drive

4201 Monona Drive, Monona, WI
Property

Retail

4,798 SF
For Sale

$1,162,500
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The American Center P-42

US 151 & I-39, Tenney - Lapham, Madison, WI
Property

VacantLand
For Sale Contact for pricing
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106 King St

106 King St, Capitol, Madison, WI
Property

Retail

4,950 SF
Availability

1 Space

4,950 SF
For Lease Contact for pricing
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Multi-tenant Office Building For Lease

4710 E Broadway, Lost Creek, Madison, WI
Property

Office
Availability

1 Space

433 SF
For Lease Contact for pricing
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1 Erdman Pl

1 Erdman Pl, Shorewood Hills, Madison, WI
Property

Office

99,000 SF
Availability

2 Spaces

16,700 SF
Year Built

2007
For Lease

$21.85/SF/YR
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Downtown Office Building For Sale or Lease

214 N Hamilton Street, Capitol, Madison, WI
Property

Office

10,928 SF
For Sale

$1,400,000
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+/- 40,000 SF Office Building For Sale or Lease

2917 International Ln, Berkley Oaks - Majestic Oaks, Madison, WI
Property

Office

39,960 SF
Year Built

1988
For Sale

$2,800,000
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The American Center P-46

US 151 & I-39, Tenney - Lapham, Madison, WI
Property

VacantLand
For Sale Contact for pricing
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700 Rayovac Drive

700 Rayovac Drive, Greentree, Madison, WI
Property

Office

39,941 SF
Availability

3 Spaces

2,848 SF
Year Built

1990
For Lease

$16.25/SF/YR
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The Marquee

516 S Yellowstone Drive, Oakwood Village, Madison, WI
Property

Retail
Availability

1 Space

1,845 SF
For Lease

$20.00/SF/YR
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312 N 3rd St

312 N 3rd St, Emerson East, Madison, WI
Property

Office

890 SF
Availability

1 Space

890 SF
For Lease

$1,350.00/MO
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4702 Verona Rd, Southwest Madison Submarket

4702 Verona Rd, Orchard Ridge Club, Madison, WI
Property

Office

5,306 SF
Availability

1 Space

5,306 SF
Year Built

2015
For Lease Contact for pricing
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4450 - 4462 Robertson Road

4462 ROBERTSON ROAD, Rolling Meadows, Madison, WI
Property

Industrial

24,000 SF
Availability

1 Space

10,200 SF
For Lease

$6.95/SF/YR
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637 E Washington Ave

637 E Washington Ave, Marquette, Madison, WI
Property

Industrial

6,846 SF
Availability

1 Space

1,000 SF
For Lease

$19.00/SF/YR
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115 E Main St

115 E Main St, Capitol, Madison, WI
Property

Retail

3,761 SF
For Sale

$1,850,000
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15 South Brearly Street & 1002-1040 East Main Street

15 South Brearly Street, Marquette, Madison, WI
Property

Industrial

104,883 SF
Availability

5 Spaces

38,608 SF
Year Built

1919
For Lease Contact for pricing
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152 West Johnson Street

152 W Johnson St, Capitol, Madison, WI
Property

Office

1,835 SF
Availability

4 Spaces

1,835 SF
For Lease

$16.95 - $19.95/SF/YR
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2600 W Beltline Hwy

2600 W Beltline Hwy, Burr Oaks, Madison, WI
Property

Office

100,000 SF
Availability

1 Space

100,000 SF
Year Built

2016
For Lease

$21.00 - $23.00/SF/YR
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Office Space at High Point Office Center For Lease

7633 Ganser Way, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

4,800 SF
For Lease Contact for pricing
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2702 International Ln

2702 International Ln, Berkley Oaks - Majestic Oaks, Madison, WI
Property

Office

19,888 SF
Availability

1 Space

1,500 SF
For Lease Contact for pricing
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6518 Milwaukee Street

6518 Milwaukee Street, McClellan Park, Madison, WI
Property

Retail

12,164 SF
Availability

2 Spaces

12,164 SF
Year Built

2022
For Lease

$24.00 - $26.00/SF/YR
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822 E Washington Avenue

822 E Washington Ave, Tenney - Lapham, Madison, WI
Property

Office

8,542 SF
Availability

3 Spaces

8,542 SF
For Lease

$18.00 - $22.00/SF/YR
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The American Center P-43

US 151 & I-39, Tenney - Lapham, Madison, WI
Property

VacantLand
For Sale Contact for pricing
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2426 Vondron Rd

2426 Vondron Rd, East Buckeye, Madison, WI
Property

Industrial

4,640 SF
Availability

1 Space

4,640 SF
For Lease

$6.95/SF/YR
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1 Dempsey Road

1 Dempsey Road, Eastmorland, Madison, WI
Property

Office

1,604 SF
Availability

1 Space

1,604 SF
For Lease

$15.00/SF/YR
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3818 John Wall Drive

3818 John Wall Drive, Westchester Gardens - Norman Acres, Madison, WI
Property

Industrial

48,800 SF
Availability

1 Space

12,200 SF
Year Built

2022
For Lease

$8.25 - $9.25/SF/YR
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2401 International Lane

2401 International Lane, Berkley Oaks - Majestic Oaks, Madison, WI
Property

Industrial

159,404 SF
Year Built

1986
For Sale

$9,950,000
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1936 Tennyson Ln

1936 Tennyson Ln, Berkley Oaks - Majestic Oaks, Madison, WI
Property

Retail

62,000 SF
Availability

1 Space

10,000 SF
For Lease

$15.00 - $18.00/SF/YR
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908 Stewart St

908 Stewart St, Bram's Addition, Madison, WI
Property

Industrial

30,000 SF
Availability

1 Space

10,000 SF
For Lease

$6.50/SF/YR
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Downtown Office Building For Sale or Lease

214 N Hamilton Street, Capitol, Madison, WI
Property

Office
Availability

1 Space

1,835 SF
For Lease Contact for pricing
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Savoie Building

114-128 N Third Street, Emerson East, Madison, WI
Property

Office

4,600 SF
Availability

1 Space

4,600 SF
Year Built

1908
For Lease Contact for pricing
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2530 Agriculture Dr

2530 Agriculture Dr, East Buckeye, Madison, WI
Property

Industrial

22,500 SF
Availability

1 Space

5,000 SF
Year Built

2023
For Lease

$8.50/SF/YR
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Office Space For Lease at High Point Office Park

1 Point Pl, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

4,830 SF
Year Built

1994
For Lease Contact for pricing
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4201 Monona Dr

4201 Monona Dr, Monona, Madison, WI
Property

Retail

4,798 SF
Availability

1 Space

3,180 SF
For Lease

$25.00/SF/YR
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Prime Industrial Space in Southeast Madison

4726 E Broadway, Lost Creek, Madison, WI
Property

Industrial

4,764 SF
For Sale

$699,000
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3140 Maple Valley Drive

3140 Maple Valley Dr, Maple - Prairie, Madison, WI
Property

Retail

2,541 SF
Year Built

2003
For Sale

$1,630,000
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Office Space For Lease at High Point Office Park

583 D'onofrio Dr, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

2,853 SF
Year Built

1985
For Lease Contact for pricing
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2402 E Springs Dr

2402 E Springs Dr, Mayfair Park, Madison, WI
Property

Retail

3,520 SF
Availability

1 Space

3,520 SF
For Lease

$14.94/SF/YR
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121 Nob Hill Road

121 Nob Hill Rd, Indian Springs, Madison, WI
Property

Office

6,600 SF
Availability

1 Space

6,600 SF
For Lease

$13.00/SF/YR
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3701 S Dutch Mill Rd

3701 S Dutch Mill Rd, Lost Creek, Madison, WI
Property

VacantLand

1.94 Acre
For Sale

$465,000
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2 S Carroll St

2 S Carroll St, Capitol, Madison, WI
Property

Retail

2,327 SF
Availability

1 Space

2,327 SF
For Lease

$25.00/SF/YR
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701 E Washington Ave

701 E Washington Ave, Marquette, Madison, WI
Property

Office

47,488 SF
Availability

1 Space

2,500 SF
For Lease Contact for pricing
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5534 Medical Cir

5534 Medical Cir, Oakwood Village, Madison, WI
Property

Office

7,172 SF
For Sale

$975,000
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2012 Commercial Ave

2012 Commercial Ave, Sherman, Madison, WI
Property

Industrial

91,530 SF
Availability

1 Space

91,530 SF
For Lease

$5.95 - $13.50/SF/YR
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Oakbridge Retail Center

7940 - 7968 Tree Ln, Oakbridge, Madison, WI
Property

Retail

54,364 SF
Availability

1 Space

6,813 SF
For Lease

$15.00/SF/YR
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301 Harbour Town Dr

301 Harbour Town Dr, Junction Ridge, Madison, WI
Property

Retail

35,820 SF
Availability

2 Spaces

7,059 SF
For Lease

$15.00/SF/YR
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106 King Street

106 King Street, Capitol, Madison, WI
Property

Retail

4,950 SF
For Sale

$1,700,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Madison commercial real estate market incorporates 4,732,167 square feet of office space across 142 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Madison, the coworking segment of the commercial real estate market incorporates about 839 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Madison commercial real estate market includes 1,207,568 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Madison market, there is a total of 1,264,066 square feet of industrial property.

The listing inventory in Madison incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Madison is represented by Office space, which accounts for 1,759,915 square feet of available listings. Industrial space available in Madison adds up to 636,850 square feet.

Meanwhile, most of the listings of commercial property for sale in Madison are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Madison is $15.97 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Madison can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $23.5 per square foot, industrial space in Madison saw average rents of $8.19 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Madison, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Madison is in the Capitol neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Capitol area.

Meanwhile, retail space opportunities are most abundant in the Mayfair Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in East Buckeye.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $31.95 per square foot. In particular, the property type commanding the highest lease rates in Madison was Retail space.

Conversely, the highest sale price last year was $2,970,000, which was paid for the Office property that is located at 5303 Fen Oak Drive. The property was built in 2001, incorporates 33,495 square feet, and is rated Class B.

The average size of a commercial property in Madison depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Madison, the average size of an office property is 46,854 square feet.
Retail properties here incorporate an average of 26,252 square feet.
Industrial space in Madison is in buildings that are, on average 39,503 square feet in size.

Madison, WI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Madison currently add up to 3,517,760 square feet. The market offers 127 active office listing(s), which amount to 1,727,626 square feet and account for 64% of commercial spaces on the market. Local retail availability includes 198,791 square feet across 43 retail space(s). Industrial space for rent opportunities in Madison amount to 631,450 square feet across a total of 24 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	127	1,727,626
Retail	43	198,791
Industrial	24	631,450
Other	2	959,893

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Madison, WI. Currently, there is 934,963 square feet of commercial property for sale here , which includes 16 office building(s) for sale , 10 retail investment opportunity listing(s) , and 9 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	16	404,196
Retail	10	174,167
Industrial	9	316,766
Other	21	39,834

Madison, WI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Madison, WI?

What factors affect the price of commercial real estate in Madison, WI?

What is the average rent for commercial space in Madison, WI?

What are the best areas for commercial real estate in Madison, WI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Madison, WI?

Madison, WI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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